Further Trading Update CALGRO M3 HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration Number 2005/030045/06) Share code: CGR ISIN: ZAE000109203 (“Calgro M3” or “the company”) FURTHER TRADING UPDATE In accordance with paragraph 3.4 of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware, with a reasonable degree of certainty, that the financial results for the next period to be reported on are likely to vary by more than 20% from the previous corresponding period. Calgro M3 wishes to advise shareholders that the company’s Headline earnings per share (“HEPS”) for the period is expected to be between 66.24 cents per share and 76.52 cents per share compared to HEPS of 51.44 cents per share reported in the previous corresponding financial year. Earnings per share (“EPS”) for the financial year ended 28 February 2013 are expected to be between cents 66.24 cents and 76.52 cents compared to 51.44 cents per share as reported in the previous corresponding year. The financial information on which this trading statement is based has not been reviewed or reported on by the company’s independent auditors. Johannesburg 26 March 2013 Sponsor Grindrod Bank Limited Date: 26/03/2013 03:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.